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Mar 20, 2013
03/13
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the tax rate if you go up to more than 100,000 you're opens and tax rates according to the imf calculations 15.7%. remember it's not just russians, it's also businesses in cyprus. they have to make payroll, how are they going to do that if you suddenly impose this levee on them. the only parallels, the ready parallels are extreme circumstances in places like argentina for example when they froze accountants, when they broke the tag against the dollar in the 2000s. >> rose: how is the overall condition in europe, how would you describe it. >> at the moment in europe at the micro economic level we have a two-tiered europe. germany is doing very well and everybody else is struggling along. now things are much better than they used to be when the bond deals of spain and italy were much higher than they are now. because the markets are relatively relax. they trust the european central bank to do as they put it whatever it takes to save the euro. now the risk or the collapse of the euro has receded. that doesn't mean europe isn't in good condition. we are looking at two or more years of recession
the tax rate if you go up to more than 100,000 you're opens and tax rates according to the imf calculations 15.7%. remember it's not just russians, it's also businesses in cyprus. they have to make payroll, how are they going to do that if you suddenly impose this levee on them. the only parallels, the ready parallels are extreme circumstances in places like argentina for example when they froze accountants, when they broke the tag against the dollar in the 2000s. >> rose: how is the...
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Mar 23, 2013
03/13
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that includes a controversial tax on bank accounts to fund the bailout. >> people in cyprus brave the storm to protest outside parliament ahead of a crucial few hours for the country. inside, lawmakers are voting on a series of measures designed to help the financially stricken nation meet the terms of an international bailout package. few of the plan's details are known, even to eurozone officials in brussels, but an unpopular one of tax on savings could be back on the table, particularly on bank accounts with deposits of at least 100,000 euros. the plan needs to be in place by monday when the european central bank says it will withdraw financial aid for separate -- separate -- cypriot banks. >> a lot of people will definitely lose their jobs and benefits. >> cyprus needs to raise 5.8 billion in order to qualify for the bailout. its eurozone partners in the imf would then provide 10 billion euros in rescue loans. the fund raising measures under discussion include plans to restructure the country's second biggest lender and tapping state pension assets. >> all right, our correspondent
that includes a controversial tax on bank accounts to fund the bailout. >> people in cyprus brave the storm to protest outside parliament ahead of a crucial few hours for the country. inside, lawmakers are voting on a series of measures designed to help the financially stricken nation meet the terms of an international bailout package. few of the plan's details are known, even to eurozone officials in brussels, but an unpopular one of tax on savings could be back on the table,...
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Mar 19, 2013
03/13
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FBC
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they paid their tax in full and on time legally, but now the state wants back taxes interest and penalties for five years. >> this notice was the first i heard of it. >> to brian overstreet it felt like a punch in the gut, compliments of california, a six-figure bill for back taxes. >> that is what is moat owes rage just about this situation. it is five-year look back and interest on money you had no idea you even owed. >> overstreet and hundreds like him got a letter from the state, due to a court ruling a 50% tax break for small business and startup investors was no longer available. anyone who claimed it in the last five years had to pay up. >> retroactivity is issue of fairness and credibility for california. >> even california's tax leaders say what the state is it doing is unfair, overreacting and overreaching, hoping to claw back some $120 million for cash-strapped california. >> problem right now we have what is the revenue is identified those folks up in sacramento will figure out how to spend it already. >> pro-business lawmakers are trying to rescind the letter, fearing high-tec
they paid their tax in full and on time legally, but now the state wants back taxes interest and penalties for five years. >> this notice was the first i heard of it. >> to brian overstreet it felt like a punch in the gut, compliments of california, a six-figure bill for back taxes. >> that is what is moat owes rage just about this situation. it is five-year look back and interest on money you had no idea you even owed. >> overstreet and hundreds like him got a letter...
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Mar 18, 2013
03/13
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that's much higher than the russian corporate tax and the cyprus corporation tax. what happens then? >> larry, it's a bigger issue than that. because it's all about transparency. if the european central bank gets its hands on records in the republic of cyprus, all these little stories and hidden basic constructs will all become transparent. it's all about uncovering billions of dollars in dirty money. >> how will they do that? what i'm asking is, haven't the banks shielded the russians from all this? russian parks goods there. they send them off to iran and syria and other rogue states. money has never been a problem. cyprus has never reported them. why start now? >> they are going to be under a lot of pressure. they'll be under the ecb gun and have to clean up their act. as an absolute spin-off from that, they are going to have to be more transparent. it's going to happen. they can't do that. cyprus is their last vestage of offshore financial centers. they are all signing contracts with the u.s. and uk and germany. the only alternative they have to go all the way
that's much higher than the russian corporate tax and the cyprus corporation tax. what happens then? >> larry, it's a bigger issue than that. because it's all about transparency. if the european central bank gets its hands on records in the republic of cyprus, all these little stories and hidden basic constructs will all become transparent. it's all about uncovering billions of dollars in dirty money. >> how will they do that? what i'm asking is, haven't the banks shielded the...
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Mar 18, 2013
03/13
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how did one potential bank tax on an island give everybody a market wedgejy? i asked, it's like fill in the blank. here's responses. it's like a 20 buck battery grounding entire 787 fleet. an unpruned tree in ohio taking down the entire northeastern power grid. like a kim kardashian marriage. only lasts a short while and utterly meaningless. bloomberg banning large sodas. sailing a carnival ship and expecting to make it home. like me giving a rip about honey boo boo's next show. >> i love all of those. >> i liked them all till the last one. jane wells has clearly not redneckognized that's a hot show. >> when you have to subtitle white people. >> thank you so much. we'll check out your blog. funny business. thanks for watching "street signs," everybody. >> closing bell. will we end the day higher? "closing bell," the most important hour of the trading day, is next. >>> hi, everybody. happy monday to you. welcome to the "closing bell." i'm maria bartiromo at the new york stock exchange. the market made a comeback despite europe's market. we were positive about 3
how did one potential bank tax on an island give everybody a market wedgejy? i asked, it's like fill in the blank. here's responses. it's like a 20 buck battery grounding entire 787 fleet. an unpruned tree in ohio taking down the entire northeastern power grid. like a kim kardashian marriage. only lasts a short while and utterly meaningless. bloomberg banning large sodas. sailing a carnival ship and expecting to make it home. like me giving a rip about honey boo boo's next show. >> i love...
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Mar 25, 2013
03/13
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CSPAN
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tax, the lowest business tax of any major economy in the world. we will have achieved in one parliament a long list -- largest reduction in the tax in the histories -- the nation's history and major changes in the british tax system, we will abolish the complex marginal recalculation, and give britain a single rate of corporation tax for the first time since 1973. and as for previous reductions in the tax rate either not intend to pass the benefit on to the banking sector so i will offset this with the bank levy rate to -- for a 0.12%. britain is moving to low and competitive taxes, so we should insist that people pay those taxes and not aggressively avoid them. that is the right way to succeed. under labor we have the best -- the worst of both worlds. the tax revenues fell by billions of pounds as the wealthy paid less. this is the wrong way around. under this government the tax rates are more competitive and the wealthy pay more taxes. this is the right way. this is an inconvenience true for the other side. in every year of the parliament the ri
tax, the lowest business tax of any major economy in the world. we will have achieved in one parliament a long list -- largest reduction in the tax in the histories -- the nation's history and major changes in the british tax system, we will abolish the complex marginal recalculation, and give britain a single rate of corporation tax for the first time since 1973. and as for previous reductions in the tax rate either not intend to pass the benefit on to the banking sector so i will offset this...
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Mar 18, 2013
03/13
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with the appeal of this tax on deposits, is it, in effect, people who are not merely cyprus tax voters and payers. >> why doesn't russia come and bail them out because essentially russia is just putting money back into its own pocket. the challenge comes again when these voters, voters get in the way. would they pallet giving taxpayer money in russia to them because that's who has the deposits. >> you're assuming a level of democracy in russia that may not exist. seems to me that the putin government could do anything that it wants. >> or half the parliament doesn't have its money in cyprus as well. >> you didn't say politicians. >> we should say that rich russians have been keeping money in cyprus for decades. even during communism. so there's a huge tradition there deep into politics. deep in politicians. that's part of the why. >> why is the u.s. interest and the interest of the imf when it comes to this issue? are they happen p by to so the these guys who have been seeking a tax haven lose money because as you point out they've been going after what happened in switzerland. if the
with the appeal of this tax on deposits, is it, in effect, people who are not merely cyprus tax voters and payers. >> why doesn't russia come and bail them out because essentially russia is just putting money back into its own pocket. the challenge comes again when these voters, voters get in the way. would they pallet giving taxpayer money in russia to them because that's who has the deposits. >> you're assuming a level of democracy in russia that may not exist. seems to me that...
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Mar 20, 2013
03/13
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tax at all. it's progress on the side of people who work hard and want to get on. >> what is the prime minister planning to spend his millionaire's tax on? [cheering and applause] >> honorable lady, when the top rate of tax put up, millionaires paid 7 million pounds less. that's incompetent and inefficient sei she left -- to support. >> the question is asked, when the prime minister is giving -- [inaudible] dr. julian lewis. give him the sas nighting gail had the qirks quashed following the quashing of his military prison sentence last year, does the prime minister agree with me that it would be totally against the public interest and against the sas regimen for him to have to face a fresh trial when others are benefiting from it rightly introduced by the state of defense as a result of the . >> my honorable friend raise answer important point. let me say how strongly i support those of the service. you get a opportunity meet them as prime minister. they are some of the bravest and finest people
tax at all. it's progress on the side of people who work hard and want to get on. >> what is the prime minister planning to spend his millionaire's tax on? [cheering and applause] >> honorable lady, when the top rate of tax put up, millionaires paid 7 million pounds less. that's incompetent and inefficient sei she left -- to support. >> the question is asked, when the prime minister is giving -- [inaudible] dr. julian lewis. give him the sas nighting gail had the qirks quashed...
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Mar 22, 2013
03/13
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FBC
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they take after-tax dollars from you, and then you get a tax-free when you get the benefits. well starting 20 some odd years ago they changed at that. that a lot of people, millions of people pay tax on social security benefits. they broke the original deal. the government changes rules all the time. how about inflation? the federal reserve wants 2 1/2% inflation. that is equivalent of 2.5% tax lowering your income. >> they just raised it a half percent to 2 1/2%. >> so what that means is, your real income goes down. so, especially lower income people get of the shafted because they pay more for food and fuel and electricity. and so their incomes go down. that is supposed to stimulate the economy. the fed can do it without legislation. david: when you think of all the different ways which this administration, obama administration is almost transfixed by the european model, whether it is in health care, obamacare, whether it is in the vast increase in the social welfare state, i'm just wondering if they now are looking to europe as a model for what to do with us? now we haven'
they take after-tax dollars from you, and then you get a tax-free when you get the benefits. well starting 20 some odd years ago they changed at that. that a lot of people, millions of people pay tax on social security benefits. they broke the original deal. the government changes rules all the time. how about inflation? the federal reserve wants 2 1/2% inflation. that is equivalent of 2.5% tax lowering your income. >> they just raised it a half percent to 2 1/2%. >> so what that...
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Mar 18, 2013
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you can tax depositors or you could tax the entire country. which would have spread the pain among tax payers. they started to spike on the fear that this could lead to a contagion. we haven't seen bank lines in italy or spain, which was the fear. it certainly raised a lot of concerns. >> let's also bring in steve leaseman and rick santelli for more reaction. why don't you start off with your views with what you're hearing from people there when you're looking attic movements. what really jumps out to you? >> i'll tell you what, and i am totally serious about this. when i walked in, this is a little earlier than our regular time. people are walking around, taking care of issues from friday. people have come up and said i understand this is a little island with a gdp that's in fan tess mal. i'll tell you what, i'm kind of shocked that it made that jump. i understand that at a time where computerization allows every government on the planet to track and have say complete financial audit trail of everything anybody has, whether it's in this count
you can tax depositors or you could tax the entire country. which would have spread the pain among tax payers. they started to spike on the fear that this could lead to a contagion. we haven't seen bank lines in italy or spain, which was the fear. it certainly raised a lot of concerns. >> let's also bring in steve leaseman and rick santelli for more reaction. why don't you start off with your views with what you're hearing from people there when you're looking attic movements. what really...
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Mar 21, 2013
03/13
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a 10% tax on u.s. deposits would yield a trillion dollars. i'm afraid some nutty budget tear in the washington will come up with the idea. >> good point. >> and scare the day lights out of everybody for no good reason. >> they're already talking about that, look they're already talking about a transaction tax. there is a lot of buzz about that. they will not put a 10% tax on but i wouldn't rule it out. >> i would rule it out. melissa: what about the transaction tax? that takes us down the same road. they're talking about the consumer financial protection bureau having oversight of 401. cans so they can protect us from ourselves, i don't know. >> well, look, i mean people in washington are not known for their great decision-making skills but i don't think that they would go so far as to actually tax deposits. i think there -- >> it is important to make a distinction between actually doing it and having something propose it. they're not going to do it because we'll see a run on the banks if they try it. >> i don't think they will propose it. >>
a 10% tax on u.s. deposits would yield a trillion dollars. i'm afraid some nutty budget tear in the washington will come up with the idea. >> good point. >> and scare the day lights out of everybody for no good reason. >> they're already talking about that, look they're already talking about a transaction tax. there is a lot of buzz about that. they will not put a 10% tax on but i wouldn't rule it out. >> i would rule it out. melissa: what about the transaction tax? that...
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Mar 26, 2013
03/13
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LINKTV
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whatever they make, they pay a 10% tax to the ruling commission. >> i am happy and content. my children are safe. they learn to care for the planet. we learn different things to give us the tools that we need. village hashy the been a success as more and more women are hoping to find support here to escape the problems of columbia and also make a living in an environmen
whatever they make, they pay a 10% tax to the ruling commission. >> i am happy and content. my children are safe. they learn to care for the planet. we learn different things to give us the tools that we need. village hashy the been a success as more and more women are hoping to find support here to escape the problems of columbia and also make a living in an environmen
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Mar 26, 2013
03/13
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tax or some kind of carbon tax because they similarly have to have a sustain revenue flow to support things like the $10 billion a year for universal education. sandra: rick? >> it's a wonderful idea, dan, but it'sot going to happen. >> they'll try. >> no, they won't. sandra: we'll leave it there. thank you so much for joining us. the rainy day funds highs not seen since recession. what do states want to do? spend it, of course. are they settg themselveses up for fiscal disaster? a huge armed air left, but could it fuel a costly disaster ahead? details on that coming up. can you ever ha too much "money"? ♪ san dpra: we told you about the budget crisis states suffer from, well, believe it or not, states' rainy day funds at the highest level since 2008. in fact, reaching more than 41 billion dollars. great news; right? just as states are back on their feet, they are looking to spend the excess cash from tax revenues. isn't this the same thing that crushed states in the recession? are ey setting themselves up for disaster again? joining me is mattie, director and budget regulatory pol
tax or some kind of carbon tax because they similarly have to have a sustain revenue flow to support things like the $10 billion a year for universal education. sandra: rick? >> it's a wonderful idea, dan, but it'sot going to happen. >> they'll try. >> no, they won't. sandra: we'll leave it there. thank you so much for joining us. the rainy day funds highs not seen since recession. what do states want to do? spend it, of course. are they settg themselveses up for fiscal...
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Mar 25, 2013
03/13
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w cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. ♪ sandra: great music for this segment. incredible story if you have not heard it. florida gulf coast university. you may have heard of them, maybe not, probably not most of us until last night in what some call the biggest cinderella story in ncaa history. florida gulf coast was the first number 15 seed to reach the sweet 16. odds of winning the ncaa championship are roughly one in about 80 # ,000, well, they definitely got everyone's attention now. how can the university capitalize on a cinderella reputation? joining me now is the marketing guru and executive creative director, bruce. turkell? >> yes, thanks. sandra: guide us along here. nobody knew anything about the university un
w cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. ♪ sandra: great music for this segment. incredible story if you have not heard it. florida gulf coast university. you may have heard of them, maybe not, probably not...
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Mar 20, 2013
03/13
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FBC
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. ♪ melissa: so we heard the "money" power panel. want to bring in somebody who knows a thing to about big business in this economy. the ceo of landreau stock company that includes the dining entertainment, gaming, and hospitality sectors. he is an industry titan, and he is here with me now. great to have you back on the show. you are reopening one of your restaurants. you are clearly expanding. you must have some confidence and was going on. >> we continne to grow. gaming, hospitality, restaurants . i do have confidence in our great american capitalism economy. at the same time, it is not backward was a few years ago. we live in a great economy. as you can see, restaurants are busy, h
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. ♪ melissa: so we heard the "money" power panel. want to bring in somebody who knows a thing to about big business in this economy. the ceo of landreau...
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Mar 25, 2013
03/13
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FOXNEWSW
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did you know $385,000 of your tax dollars are studying ducks' anatomy? to study the private parts of ducks. this is part of president obama stimulus plan and just one example of the kind of spending decisions that add up to massive debt and deficit. tonight, there is a week-long series on what to cut. >> government is not the solution to the problem. government the problem. >> rare of big government is over. >> every president called to streamline federal bureaucracy but none succeeded. >> government is largeer than it ever has been. the debt is growing at record rate. >> adjusted for inflation. government spending went up from $882 billion spent every year in 1980s to $1.48 trillion in the 1990s. $2.24 trillion a year and the first decade of the 21st century. mast ited that government will have spent almost as much in the first four years as a new decade as in the 1990s. >> in the past there bar crisis like world war ii or the korean war, nondefense spending was cut by 20 to 30%. >> that didn't happen after 9/11 or after the financial crisis. >> nothing
did you know $385,000 of your tax dollars are studying ducks' anatomy? to study the private parts of ducks. this is part of president obama stimulus plan and just one example of the kind of spending decisions that add up to massive debt and deficit. tonight, there is a week-long series on what to cut. >> government is not the solution to the problem. government the problem. >> rare of big government is over. >> every president called to streamline federal bureaucracy but none...
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Mar 18, 2013
03/13
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FOXNEWSW
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endorsing consumption tax? is that what i'm hearing? >> you heard the doctor endorse that. >> taxing russians only. [ laughter ] >> bret: next up, the g.o.p. extreme makeover. i'm doing my own sleep study. advil pm® or tylenol pm. the advil pm® guy is spending less time lying awake with annoying aches and pains and more time asleep. advil pm®. the difference is a better night's sleep. ♪ ♪ >>> our message was weak. our ground game was insufficient. we weren't incollusive. we were behind in both data and digital. our primary and debate process needed improvement. >> young voters are increasingly rolling their eyes at what the party represents. >> and many minorities think that republicans don't like them. or don't want them in our country. >> if hispanics think we don't want them, here they will close their ears for policies. >> bret: besides all that, everything is fine in the g.o.p. today, a report out from the head of the g.o.p., the chairman. reince priebus, who said focus group called the party narrow
endorsing consumption tax? is that what i'm hearing? >> you heard the doctor endorse that. >> taxing russians only. [ laughter ] >> bret: next up, the g.o.p. extreme makeover. i'm doing my own sleep study. advil pm® or tylenol pm. the advil pm® guy is spending less time lying awake with annoying aches and pains and more time asleep. advil pm®. the difference is a better night's sleep. ♪ ♪ >>> our message was weak. our ground game was insufficient. we weren't...
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Mar 19, 2013
03/13
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40% of all individuals tax returns. it is a hugely popular deduction for money i mayans of homeownery year. it could be changing in a big way which might have a big impact on the housing industry. he was more details what you need to kno is former fannie mae executive vice president institute fellow. welcome to the show. this is having a huge impact on housing industry, wouldn't it? >> of it were done right, and wouldn't have a huge impact, to be a beneficial. this deduction is outlived usefulness. literally 100 years, so the value of it has declined and declined and declined year-over-year. use the money that you saved to reduce marginal impact bracket which would be positive. melissa: the devil is in that last detail you mentioned, what we really use eliminating it to lower marginal rates or would it be another thing that is sucked out to pay higher taxes. let's talk about how their talk about doing it in with the best way to do it would be, it wouldn't be so destructive to the market. the deduction is up $2 million,
40% of all individuals tax returns. it is a hugely popular deduction for money i mayans of homeownery year. it could be changing in a big way which might have a big impact on the housing industry. he was more details what you need to kno is former fannie mae executive vice president institute fellow. welcome to the show. this is having a huge impact on housing industry, wouldn't it? >> of it were done right, and wouldn't have a huge impact, to be a beneficial. this deduction is outlived...
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Mar 26, 2013
03/13
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KCSMMHZ
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we stay in europe where the tax not doing a lot on the day, eking out a slight gain. euro stoxx 50 in negative territory. the dow got a little more of a bump, mostly on positive home price data that could indicate an improving u.s. economy. the euro/dollar is currently on the rise. >> as the economic crisis in cyprus deepens, china and russia have announced the creation of an alternative banking system that will provide a counterbalance to the imf and world bank. the leaders of those countries along with those from brazil, india, and south africa are meeting for a summit to hammer out a joint strategy to harvest -- contest their growing economic power. it is likely to focus on infrastructure financing, a direct challenge to seven decades of dominance by the world bank. >> with this summit, the brits are hoping to kickstart development that will bring financial independence. the quintet say they are keen to form a counterbalance to the established powers of the world bank and international monetary fund. the group is considering a joint reserve pool worth 93 billion eu
we stay in europe where the tax not doing a lot on the day, eking out a slight gain. euro stoxx 50 in negative territory. the dow got a little more of a bump, mostly on positive home price data that could indicate an improving u.s. economy. the euro/dollar is currently on the rise. >> as the economic crisis in cyprus deepens, china and russia have announced the creation of an alternative banking system that will provide a counterbalance to the imf and world bank. the leaders of those...
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Mar 19, 2013
03/13
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or no tax. so they may have avoided imposing that 10% tax, but it certainly doesn't shore up any confidence in keeping your money in banks there. bill? >> all right. bertha, thank you very much. >> that's what it's all about. >> that is the key, right there. let's talk about it in today's "closing bell" exchange. steven hammers out there in the ether somewhere. it's randy batsman here next to me and our own rick santelli. rick, we're all getting a civics lesson on cyprus, that little tiny island in the eastern mediterranean. should in this matter with you putting a portfolio together here in the united states? >> oh, absolutely. have you noticed that the european central figures are a bit like the lemmings. every few quarters, they decide to take their launch off the cliff. and this time, i can't imagine who thought this was a good idea. i mean, if you look at cyprus' economy, there are two major factors to that economy. tourism and financial services. you could kill the financial services immed
or no tax. so they may have avoided imposing that 10% tax, but it certainly doesn't shore up any confidence in keeping your money in banks there. bill? >> all right. bertha, thank you very much. >> that's what it's all about. >> that is the key, right there. let's talk about it in today's "closing bell" exchange. steven hammers out there in the ether somewhere. it's randy batsman here next to me and our own rick santelli. rick, we're all getting a civics lesson on...
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Mar 26, 2013
03/13
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we stay in europe where the tax not doing a lot on the day, eking out a slight gain. euro stoxx 50 in negative territory. the dow got a little more of a bump, mostly on positive home price data that could indicate an improving u.s. economy. the euro/dollar is currently on the rise. >> as the economic crisis in cyprus deepens, china and russia have announced the creation of an alternative banking system that will provide a counterbalance to the imf and world bank. the leaders of those countries along with those from brazil, india, and south africa are meeting for a summit to hammer out a joint strategy to harvest -- contest their growing economic power. it is likely to focus on infrastructure financing, a direct challenge to seven decades of dominance by the world bank. >> with this summit, the brits are hoping to kickstart development that will bring financial independence. the quintet say they are keen to form a counterbalance to the established powers of the world bank and international monetary fund. the group is considering a joint reserve pool worth 93 billion eu
we stay in europe where the tax not doing a lot on the day, eking out a slight gain. euro stoxx 50 in negative territory. the dow got a little more of a bump, mostly on positive home price data that could indicate an improving u.s. economy. the euro/dollar is currently on the rise. >> as the economic crisis in cyprus deepens, china and russia have announced the creation of an alternative banking system that will provide a counterbalance to the imf and world bank. the leaders of those...
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Mar 20, 2013
03/13
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> welcome >>> welcome back to "squawk box." the futures right now are moving around a little. up about 87 points, which would get back some of the problems we had on monday and tuesday. is today wednesday? >> today is wednesday. first day of spring. >> 7:02, awesome. winter went fast. >> didn't it? >> we have the music too. >> we do. >> the weather -- the winter weather's not over yet. sorry to say. >> you heard what i told you. >> yeah. >> you think it's global warming. >> global warming. >> because it's cold. it must be global warming. >> real estate company just out -- >> going against the religion, get in trouble with who? the "new york times." go ahead. >> just out with the wint
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> welcome >>> welcome back to "squawk box." the futures right now are moving around a little. up about 87 points, which would get back...
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Mar 22, 2013
03/13
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FBC
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they talked about a 6% or 7%, 10% tax in cypress. i think inflation is going to take much more than 10% of the purchasing power out of bank accounts all around the world, not just in europe, but here in the united states. i think that's why a lot of savers are pulling their money out of banks, buying stocks, buying real estate. they are buying precious metals because more people realize that if they hold on to the currency and leave it in the bank, it is going to lose a lot of value. shibani: right. talk about the united states, and what we did not see today, peter, was a market reaction to this because there's a belief, well, on the one hand, things are going to get resolvedded in cypress. on the other hand, we are the best of the worst markets that are out there. you know, at what point could that turn on us because that -- that scenario can't survive forever. >> well, we're to the close to being the best of the worst. i think weir -- we might be the worst of the worst. it's just that a lot of people have not figured that out yet.
they talked about a 6% or 7%, 10% tax in cypress. i think inflation is going to take much more than 10% of the purchasing power out of bank accounts all around the world, not just in europe, but here in the united states. i think that's why a lot of savers are pulling their money out of banks, buying stocks, buying real estate. they are buying precious metals because more people realize that if they hold on to the currency and leave it in the bank, it is going to lose a lot of value. shibani:...
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Mar 19, 2013
03/13
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KNTV
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among them, waiving the city's hotel tax for nfl employees and the teams. suspending ticket surcharges and droped adding parking fees. the concessions add up to millions. it's more than worth it because it will be offset by the income and the publicity. >> the way that we're doing the superer bowl is a great regional effort. we'll be able to highlight everything from the golden gate to silicon valley. >> santa clara city council will hold a special meeting. >>> with little to no rain so far this year, any rain would be big news. >> yes, tonight, a storm is moving in. take a look. on your left, a live look from the south bay. clouds hanging over east san jose. on the right, the bay bridge toll plaza. the roads still dry at this hour, but tomorrow will be a different story. chief meet i don't goologiteo m this story. >> we're tracking a lot of moisture and showing up as rainfall on the radar. we know no reporting sites have tipped over anything more than one hundredth of an inch. expect a few areas of drizzle and also mist. that is pretty much it here for at
among them, waiving the city's hotel tax for nfl employees and the teams. suspending ticket surcharges and droped adding parking fees. the concessions add up to millions. it's more than worth it because it will be offset by the income and the publicity. >> the way that we're doing the superer bowl is a great regional effort. we'll be able to highlight everything from the golden gate to silicon valley. >> santa clara city council will hold a special meeting. >>> with little...
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Mar 26, 2013
03/13
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you try and tax them, the economy is slow, the tax revenues don't go down. they can't get it there. the only way to do it is through a devaluation or to do something like this. one way or another, you can't get blood from a turn yip or whatever it is. isn't that the way it's working out? >> economists call it an internaled devaluation. it's a depression, essentially. you've got to make a country more competitive. those are all the things you're talking about that are what happens. >> a single currency -- that's why the single currency makes no sense when you've got countries in the north that are growing and that are productive and they're sharing the same interest rates with currencies in the south. and your hero, milton freedman, said that right away. it can't work. michelle, sooner or later, i don't understand how this works, either. do they take -- what do people do that can't go to the atm and don't have any cash? are they allowed to still use their credit cards or are there people walking around there that have no money? >> okay. so yes, you can use credit cards. but certain e
you try and tax them, the economy is slow, the tax revenues don't go down. they can't get it there. the only way to do it is through a devaluation or to do something like this. one way or another, you can't get blood from a turn yip or whatever it is. isn't that the way it's working out? >> economists call it an internaled devaluation. it's a depression, essentially. you've got to make a country more competitive. those are all the things you're talking about that are what happens....
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Mar 25, 2013
03/13
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KQED
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and pile on more taxes. it's a recipe for kwlure seeing unfold in sigh pulse are -- for what you're seeing unfold in sigh pulse are. >> politicians have struggled to -- sigh pulse are. >> poll -- cyprus. >> politicians have struggled with that. the united stateses is to move about half of its 100 international staff out of syria because of concerns for their safety. the decision comes after mortar shells fell near their hotel. the most -- most of the distribution work is now carried out by syrian staff themselves. u.s. secretary of state john kerry made an unannounced visit to afghanistan and vowed to stick by president hamid karzai despite mr. karzai's hostility toward the u.s.-led military efforts in the country. earlier this month the afghan president accused the u.s. of can lewding with the taliban -- colluding with the taliban. italy's highest court has put off until tomorrow a verlander on whether or not amanda knox and her former boyfriend should face a fresh trial for the murder of an english student
and pile on more taxes. it's a recipe for kwlure seeing unfold in sigh pulse are -- for what you're seeing unfold in sigh pulse are. >> politicians have struggled to -- sigh pulse are. >> poll -- cyprus. >> politicians have struggled with that. the united stateses is to move about half of its 100 international staff out of syria because of concerns for their safety. the decision comes after mortar shells fell near their hotel. the most -- most of the distribution work is now...
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Mar 20, 2013
03/13
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. >> cypress has long been a tax haven for russian companies who have billions of euros in separate banks, but many russians who live on the island are outraged at the proposed levy on their savings. >> this country has cheated us and stolen our money. yes, stolen. it was not their money. we brought it here. we did not earn it here. >> for now, a separate account holders are relieved that parliament shot down the proposal. >> it was time to take a stand. they are sure to find a solution. the separate people are strong. we can take a lot. we have proven that before through many tough times. >> the cypriot government is still searching for any viable solution. even the country's archbishop has offered to help by digging into the pockets of the church. 17 billion euros is the son the island needs to keep afloat, approximately equivalent to the country's economic output, and it is more than the eu is willing to put up without a significant contribution from cyprus itself. >> for more, we can go now live to nicosia where our correspondent is monitoring events for us. after anchoring the russia
. >> cypress has long been a tax haven for russian companies who have billions of euros in separate banks, but many russians who live on the island are outraged at the proposed levy on their savings. >> this country has cheated us and stolen our money. yes, stolen. it was not their money. we brought it here. we did not earn it here. >> for now, a separate account holders are relieved that parliament shot down the proposal. >> it was time to take a stand. they are sure to...
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Mar 19, 2013
03/13
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it back and pay the taxes. that's an enormous issue for apple that's close to 70% of its cash overseas and it's not an easy answer for that today. and it could be $170 billion by the end of this year says the financial times this morning and what does it mean for the sector moving forward? so far it's disappointed many, many people. >> i guess the question is how do they put that cash to use? many of us would like to see greater buybacks and greater dividends and could there be more m and a coming which would be positive for the market. in the interim, stronger dividends and stronger buybacks is something that should help at least on the margin. >> let's just say, will, ceo tim cook picks up the phone and gives you a call and says hey, will, what do you think we should do with our cash? what would you tell him? >> i think they should increase the dividend moderately. they're generating $40 billion a year in free cash flow and that could be a 15 billion number and maybe even a $20 billion annual dividend. >> let
it back and pay the taxes. that's an enormous issue for apple that's close to 70% of its cash overseas and it's not an easy answer for that today. and it could be $170 billion by the end of this year says the financial times this morning and what does it mean for the sector moving forward? so far it's disappointed many, many people. >> i guess the question is how do they put that cash to use? many of us would like to see greater buybacks and greater dividends and could there be more m and...
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Mar 18, 2013
03/13
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those above the threshold pay 9.9% tax. the total revenue raised is expected to hold just shy of 6 billion euros. the rescue package is slated to begin today around 1500 cet. in the meantime, we're getting comment out of russia. seen as perhaps the targeted party here, i should say, with regard to some of the deposit taxes that are being pushed through on cipriot banks. for example, putin via spokesman has apparently called the levy, if approved, unfair, unprofessional and dangerous. european markets are in the red across the board as we've seen today. the ftse 100 down almost 1% and the xetra dax better than 1%. the ibex 35 is down 2%, roughly the same amount for the ftse mib. we can tell you that spanish and italian bonds have risen both on banks and for some of the periphery, showing pressure, as well. here is a look at some european banks. a mix there. on the left, you can see spain. banco santander down almost 4% some some cases. unicredit down almost 5%. moving to the french banks, credit agricole and bnp are showing
those above the threshold pay 9.9% tax. the total revenue raised is expected to hold just shy of 6 billion euros. the rescue package is slated to begin today around 1500 cet. in the meantime, we're getting comment out of russia. seen as perhaps the targeted party here, i should say, with regard to some of the deposit taxes that are being pushed through on cipriot banks. for example, putin via spokesman has apparently called the levy, if approved, unfair, unprofessional and dangerous. european...
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Mar 19, 2013
03/13
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you know, there are the taxes on assets, tax that are on insurance companies that are getting passed to consumer and you know maybe down the line there will be questionable taxes on savings accounts. you never know what the united states will do. neil: all i know, they are a heck of a lot more ways to be create testify get money than spending, very good points thank you, mike rigs in washington. >> to mike a point, the problem with small nation going after its citizens bank deposits, other bigger nations see how it goes, and markets world over fear all far it goes, which could explain why so many markets were tajing oing tankins thing. joe perry. and -- joe, what do you think? >> i think it is jjst as you said, this has been going on, for a while. and the bigger government gets, the more intrusive it gets it has been in your pockets, my pockets, my banks pockets by depositors pockets, large and small. what is happening now, like a story we use in banking called boiling a frog, you want to boil a frog, if you put him in boiling water he will jump out and complaint, this is what is hap
you know, there are the taxes on assets, tax that are on insurance companies that are getting passed to consumer and you know maybe down the line there will be questionable taxes on savings accounts. you never know what the united states will do. neil: all i know, they are a heck of a lot more ways to be create testify get money than spending, very good points thank you, mike rigs in washington. >> to mike a point, the problem with small nation going after its citizens bank deposits,...
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is applying a levy on depositors the answer to this small islands financial woes or is it a means to tax russians using cyprus as a legal tax haven and most importantly can europeans trust their banks anymore. to cross-talk the for cyprus financial crisis i'm joined by michael burke in london he is an economic consultant and a former senior international economist with citi bank and in washington we cross the shares of raymond she is a professor of international finance and director of the european union research center at george washington university all right cross talk rules in fact that means you can jump in anytime you want when you go to washington first you said this is moral hazard this is what's going on in cyprus right now can you explain that please sure sure the you know this is unprecedented what is happening right now in a financial crisis the one the one entity you protect or all the small savers and they're getting hit this time so most the small savers will be hit by a six point seven five percent tax and exchange they'll be given shares off that very bank and if that's
is applying a levy on depositors the answer to this small islands financial woes or is it a means to tax russians using cyprus as a legal tax haven and most importantly can europeans trust their banks anymore. to cross-talk the for cyprus financial crisis i'm joined by michael burke in london he is an economic consultant and a former senior international economist with citi bank and in washington we cross the shares of raymond she is a professor of international finance and director of the...
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Mar 19, 2013
03/13
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FBC
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you know, there are the taxes on assets, tax that are on insurance companies that are getting passed to consumer and you know maybe down the line there will be questionable taxes on savings accounts. you never know what the united states will do. neil: all i know, they are a heck of a lot more ways to be create testify get money than spending, very good points thank you, mike rigs in washington. >> to mike a point, the problem with small nation going after its citizens bank deposits, other bigger nations see how it goes, and markets world over fear all far it goes, which could explain why so many markets were tajin oing tankings thing. joe perry. and -- joe, what do you think? >> i think it is jjst as you said, this has been going on, for a while. and the bigger government gets, the more intrusive it gets it has been in your pockets, my pockets, my banks pockets by depositors pockets, large and small. what is happening now, like a story we use in banking called boiling a frog, you want to bl a frog, if you put him in boiling water he will jump o and complaint, this is what is happeni
you know, there are the taxes on assets, tax that are on insurance companies that are getting passed to consumer and you know maybe down the line there will be questionable taxes on savings accounts. you never know what the united states will do. neil: all i know, they are a heck of a lot more ways to be create testify get money than spending, very good points thank you, mike rigs in washington. >> to mike a point, the problem with small nation going after its citizens bank deposits,...
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Mar 25, 2013
03/13
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CNBC
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. let's head down to the new york stock exchange. i asked for extra time, cramer. the election, right before you go out on a limb and you're exactly right. can you be exactly right. you're right about that. lasalle? that was because of philly. >> totally. >> but you made a point of saying, lasalle, and they knocked off kansas state and if mississippi can beat wisconsin, did you not think that would be a problem? i have to tell you, i think wichita state better watch out. the offense is real. my mom lived around the block from lasalle so it was a total phone call and it's been years. now you're arguing with my daughter who for some reason is a huge shocker fan. i love the shocker game and
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. let's head down to the new york stock exchange. i asked for extra time, cramer. the election, right before you go out on a limb and you're exactly right. can you be...
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Mar 19, 2013
03/13
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CNBC
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twhos depositests less than 100,000 euros could be spared the new bill taxes. >>> and u.s. investors get another check on the housing sector with new construction permits due later today. >>> reuters is now telling us that cyprus has reviewed a draft cypriot bill. it includes a levy spares thog those accounts of less than 20,000 euros from a tax in cypress. it would levy 6.5% on those between 20,000 and the 120,000 euros. it's waiting to see whether there would be additional levies on the counts of above 250,000 euros. i'm not sure if the math adds up to what cyprus needs to contribute so it would agree with european lenders. what's interesting about this is 6.75%, again, roughly consistent with what we were hearing prior to the fact that the international community wanted smaller deposit holders to be spared. those under 20,000 euros would be. but those between 120,000 paying 6.75% and crucially we know cypress didn't want this double digit tax increase on bigger accounts, this would keep the levy at 9.9% for deposits above 100,000 euros. potentially some pressure from the
twhos depositests less than 100,000 euros could be spared the new bill taxes. >>> and u.s. investors get another check on the housing sector with new construction permits due later today. >>> reuters is now telling us that cyprus has reviewed a draft cypriot bill. it includes a levy spares thog those accounts of less than 20,000 euros from a tax in cypress. it would levy 6.5% on those between 20,000 and the 120,000 euros. it's waiting to see whether there would be additional...
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Mar 18, 2013
03/13
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MSNBCW
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if you have over 100,000 euros, a 9.9% tax. it's the first time and it's different we've seen depositors directly being penalized for keeping money in the banks and having to take part in any rescue measures. this is being pushed by the jeff mans and brussels as well but a lot of cypriot companies and investors are up in arms about this one. it's a very big change from previous bailouts across europe. >> certainly makes people want to stuff money in their mattress. russia has a lot of people with their money wrapped up in these cyprus banks. what's the reaction from leaders there? >> this is where it gets really interesting. vladimir putin the president has said it's unfair, it's unprofessional, and it's dangerous precedent. why are the russians so upset? i'll leave the viewers to think about this. russian corporates and russian funds have over 30 billion euros wrapped up in cyprus funds as well. the burgeoning cyprus financial sector has been driven by russian money which one way or the other has found its way from russia into
if you have over 100,000 euros, a 9.9% tax. it's the first time and it's different we've seen depositors directly being penalized for keeping money in the banks and having to take part in any rescue measures. this is being pushed by the jeff mans and brussels as well but a lot of cypriot companies and investors are up in arms about this one. it's a very big change from previous bailouts across europe. >> certainly makes people want to stuff money in their mattress. russia has a lot of...
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Mar 23, 2013
03/13
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KGO
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tax laws. tax theories. corporate returns, partenerships, llc's. you can bring me any tax problem and i will deal with it. i don't care how complicated it is. in fact, the more complicated, the better. we're here to get done what you need done. nothing scares me. i've helped thousands of people and i can help you. just bring it on. that's what we do for our clients. we figure it out. the hunt is over. the great deals are at jcpenney in store and online. get 20% off select women's dresses. ♪ 25% off all girls' dresses. ♪ and 25% off select men's stafford dress shirts and ties. because everyone deserves to look great. ♪ the jcpenney easter sale. ...like i'm in italy... ♪ iciao! iciao! iciao! u [ all ] fast! so what would your nickname be? mmmhmm. it would be fast-y because you're really fast when you go. what about you? nicky flash? why nicky? because it rhymes with flash. close... yeah. close. [ male announcer ] it's not complicated. faster is better. and at&t is the nation's fastest 4g lte network for your iphone 5. ♪ >> jimmy: we're back
tax laws. tax theories. corporate returns, partenerships, llc's. you can bring me any tax problem and i will deal with it. i don't care how complicated it is. in fact, the more complicated, the better. we're here to get done what you need done. nothing scares me. i've helped thousands of people and i can help you. just bring it on. that's what we do for our clients. we figure it out. the hunt is over. the great deals are at jcpenney in store and online. get 20% off select women's dresses. ♪...